Former Bank of England policy maker Adam Posen said Governor Mervyn King exerts too much power that goes unchallenged by officials at the central bank.
Former Bank of England policy maker Adam Posen said U.K. central bankers are likely to refrain “indefinitely” from further asset purchases as they mistakenly doubt the potency of quantitative easing.
Bank of England Governor Mark Carney may have caused financial markets to react excessively when he warned that interest rates could rise sooner than expected, a former BOE policy maker said.
Bank of England policy maker Adam Posen called on central banks from Europe to the U.S. to be more aggressive in combating lackluster economic growth and inflation.
Bank of England policy maker Adam Posen made the strongest call yet for the bank to restart its asset-purchase program.
Former Bank of England policy maker Adam Posen voiced skepticism that planned changes to a central bank lending program will be sufficient to rein in the U.K.’s house-price boom and said more probably needed to be done.
"Once you get a housing bubble, you need to lean against it very hard and it takes a lot of tools."
- Adam Posen on Jun 16, 2014
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